Buying A Home

Is Cleveland a Good City to Invest in Real Estate?

Are you ready for your first or even second investment property? Are you interested in investing in Ohio? With the current climate of the United States, there are several investment opportunities and Ohio is one of them. Is Cleveland a good city to invest in? Yes! Here is why. The Ohio housing market is hot. Ohio is the seventh-most populous state in the country.

Ohio is BoomingIs Cleveland a Good City to Invest in Real Estate?

It is also rated as one of the best states for business with a low cost of living, great schools, and a lot of recreational activities. The housing market has taken off because of population growth, job market growth, and affordable housing. These are some of the top indicators you want to see when...

Why Does the Listing Say the Sale is “Contingent?”

Why Does the Listing Say the Sale is “Contingent?”

Browsing online Real Estate listings and house hunting is easily one of the more stressful experiences that you may face throughout life. While working with the right agent can indeed help eliminate a large majority of the stress associated with both selling or buying a home, it is important to ensure you fully understand listings as well as the contingencies that they may hold prior to placing an offer.

While it may not be overly common, in some cases you may find a house you love, however within the listing it states that the sale of the property is “contingent.” This could be...

5 Things Buyers Should Know When Making an Offer on a Home

When it comes to buying a house in Ohio it is no secret that you are looking for the perfect place to call home to fit your lifestyle and needs. Problem is that today’s seller’s market leaves very little inventory to choose from, even around Central Ohio. Right now the housing inventory is hovering near record lows and the buyer demand is not decreasing. This has made multiple offer scenarios much more normal on every home that hits the market all across the nation.

Here are five things that buyers in Central Ohio should keep in mind when they are ready to make an offer on a home.

Know the numbers5 Things Buyers Should Know When Making an Offer on a Home

Having a complete and thorough understanding...

3 Questions to Ask Before Buying Your Dream Home

3 Questions to Ask Before Buying Your Dream Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Ask yourself the following 3 questions to help determine if now is actually a good time for you to buy in today’s market.

1. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

For example, a recent survey by Braun showed that over 75%...

Is Getting a Home Mortgage Still Too Difficult?

Getting a Home Mortgage

There is no doubt that mortgage credit availability is expanding, meaning it is easier to finance a home today than it was last year. However, the mortgage market is still much tighter than it was prior to the housing boom and bust experienced between 2003 - 2006.

The Housing Financing Policy Center at the Urban Institute just released data revealing two reasons for the current exceptionally high credit standards:

  1. Additional restrictions lenders put on borrowing because of concerns that they will be forced to repurchase failed loans from the government-sponsored enterprises or Federal Housing Administration (FHA).
  2. The concern about potential litigation...

Have You Saved Enough for Closing Costs?

Have You Saved Enough for Closing Costs?There are many potential homebuyers, and even sellers, who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time, we have dispelled this myth by showing that many loan programs allow you to put down as little as 3% (or 0% with a VA loan).

If you have saved up your down payment and are ready to start your home search, one other piece of the puzzle is to make sure that you have saved enough for your closing costs.

Freddie Mac defines closing costs as:

“Closing costs, also called settlement fees, will need to be paid when you obtain a mortgage. These are...